Post
Topic
Board Trading Discussion
Re: Which wallet should a beginner choose?
by
Oshosondy
on 19/05/2023, 11:30:53 UTC
Are they stupid? I don't know because I don't know what is their reason to build that service and put customer coins at risk.

Bitcoin Q&A: Why is Seed Splitting a Bad Idea?

Do they build something better like Shamir Secret Sharing ?

A beginner guide to Shamir Secret Sharing

I will not buy a hardware wallet with my money and face with risk to lose my coins because the seed is shared to three entities.
Ledger crested that in a way that Ledger users that opt-in for it will not be able to lose their coins even if they lose their seed phrase. It makes use of Shamir secret sharing, in a way each company have shard or so which can be used to recover the seed phrase. But this can make the seed phrase security to be vulnerable and also giving way to the government to have more control. I will not tell anyone to use it because it is bad in my opinion.